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trying to learn payroll pls explain step by step thank you! Payroll Journal Entry Regular earnings $ 5,860.00 Overtime earnings   890.00 Deductions:           Federal income tax   615.00       Social Security tax   418.50       Medicare tax   97.88       Pension plan   70.00       Health insurance premiums   230.00       United Way contributions   120.00 Journalize the above data taken from the payroll register of CopyMasters as of April 15, 20—. Page:     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- Apr. 15           1 2             2 3             3 4             4 5             5 6             6 7             7 8             8 9   Payroll for week ended April 15

trying to learn payroll pls explain step by step thank you! Payroll Journal Entry Regular earnings $ 5,860.00 Overtime earnings   890.00 Deductions:           Federal income tax   615.00       Social Security tax   418.50       Medicare tax   97.88       Pension plan   70.00       Health insurance premiums   230.00       United Way contributions   120.00 Journalize the above data taken from the payroll register of CopyMasters as of April 15, 20—. Page:     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- Apr. 15           1 2             2 3             3 4             4 5             5 6             6 7             7 8             8 9   Payroll for week ended April 15

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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trying to learn payroll pls explain step by step thank you!

Payroll Journal Entry

Regular earnings $ 5,860.00
Overtime earnings   890.00
Deductions:    
      Federal income tax   615.00
      Social Security tax   418.50
      Medicare tax   97.88
      Pension plan   70.00
      Health insurance premiums   230.00
      United Way contributions   120.00

Journalize the above data taken from the payroll register of CopyMasters as of April 15, 20—.

Page:  

  DATE ACCOUNT TITLE DOC.
NO.		 POST.
REF.		 DEBIT CREDIT  
1 20--
Apr. 15		           1
2             2
3             3
4             4
5             5
6             6
7             7
8             8
9   Payroll for week ended April 15         9
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